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times are among the highest in the country and let's not forget that taxes and spending in recent years to support the plan are under governor duval patrick have gone up substantially. we'll look at more of the claims by president obama in just a moment, but first, president obama now not the only one stonewalling for his health care plan. secretary secretary kathleen sebelius trying to get some answers about the disastrous obama care rollout. nbc news steve handelsman joins us. >> part of the parade of horribles as president obama calls it is millions of americans losing their health care and that's happening here on capitol hill, obama hhs secretary kathleen sebelius says blame insurance companies for millionses of americans getting lers and emails that they're getting dropped. republicans said president obama, with the help of kathleen sebelius, won reelection promising that if you like your health care coverage, if you like your insurance, if you like your doctor you can keep them. that, said a republican, amounts to political deception. >> millions of individuals who by listening t
months. it could mean delaying the tax penalties if you don't enroll or delay could mean not doing anything on the individual mandate. how do you read that? >> republicans sense weakness. when you look at senator joe manchin of west virginia and others are pushing to enter into the obama care exchange for the individual mandate, so democrats are pushing for a delay on that front. republicans, of course, are pushing for a delay of the entire individual mandate. they would like to get inteegious on the record on those fronts. >> robert costa, thank you very much. we appreciate it, as always. >>> health and human services kathleen inte k -- kathleen sebelius is set to testify tomorrow. going back to the office of management and budget during the reagan years. chairman fred, thank you for coming on. i appreciate it. look, a very embarrassing politically devastating moment for obama, this whole business about false promises and you are not going to be able to keep at least 50% won't be able to keep their insurance plans what can you do about it, fred? what can you do about it? >> well,
out of 12% declared that america's large profitable corporations are paying a lower tax rate than our teachers and firefighters. this went back and said, look, this isn't the way to do it, not one year, because it followed the recession. it followed 2008 and 2009. you remember ge and other corporations? the entire financial sector had a lot of writeoffs. he did a different study. he went back and did 2004 to 2010, he counted all taxes paid worldwide, including state, including foreign, and the effective tax rate of all u.s. corporations exceeded 35% from 2004 to 2010. the other thing he found out was since 1997 all the leading economies of the world, 31 out of 34 have cut their corporate tax rates to attract job. >> did you say that includes foreign taxes too? >> includes foreign taxes. >> i mean, don't we only care about taxes paid here in the united states? >> why, because that's all we collect? >> yeah. it doesn't matter if we collect, it matters how competitive -- >> it matters if you're looking at u.s. tax receipts. if you're looking at u.s. -- >> doesn't it matter whether u.s. c
the treasury department showed a combination of more revenue like taxes and less spending. that led to a gap of $680 billion. guess what. it takes revenues and spending cuts to cut the deficit. they ought to work together on that. $2.08 billion is how much americans are spending on candy for halloween this year. never mind the declarations for the national retail federation. they expect an additional $2.6 billion on costumes and more people in my neighborhood i swear do halloween decorations than for the holidays. 75 days is how many we have before the primary for the special election for the late bill young and florida primary will be key to see the better position for the march 11 general election. the special election of one of the most competitive seats left in the house of representatives. 16 is how many democratic women senators all in fact signed in a private letter to hillary clinton urging her to run for president in 2016. they spilled the beans about it and a list in new york on monday, sources say barbara boxer led the effort that included other names mentioned as candidates inclu
year's crisis in washington? what they did was, they raised taxes, and they cut spending through the sequester. and that's had a fairly predictable result. it's been good for the deficit. take a look at this chart, and you'll see the deficit as a percent of gdp has gone down dramatically since 2009 when it was 9.2%. 2013, just 4.1%. 79% of the decrease the government says it due to tax receipts. record tax receipts in 2013, up $325 billion from 2012. that's up 13%. so the tax man is getting his cut of this improving economy and also as a result of those tax increases. that has led to this lowering of the u.s. deficit. that's something the obama administration says is a good thing. they feel like, you know, it's not getting enough attention here in all of this hullabaloo here in washington. >> a quick follow-up question if i might that kayla tausche raised. and that is all of the money that the federal government has collected in settlements, fines and so forth with, for example, financial services company -- companies in the hundreds of billions of dollars over the past four or f
chance to buy quality affordable health care as everybody else. a lot of people will qualify for new tax credits under this law that will bring down health care costs even further, so if you lose your job or if you start a new business or you're self-employed or you're a young person trying several jobs until you find that one that sticks, you're going to be able to be insured. insurance that goes with you and gives you freedom to pursue whatever you want, without fear that accident or illness will derail your dreams. this marketplace is open now. insurance companies are competing for that business. the deal is good. the prices are low. but, let's face it, we've had a problem. the website hasn't worked the way it's supposed to. over these last couple of weeks. adds a consequence, a lot of people haven't had a chance to see how good the prices for quality health insurance through these marketplaces really are. now ultimately this website, healthcare.gov, will be the easiest way to shop for and buy these new plans, because you can see these plans next to each other and compare prices and s
to be. and if the best and brightest want to be there, they'll create and generate a tax base so that you can take care of the less fortunate but the real key and it's not popular thing to say but you have to have where with all. these people who are willing to think outside of the box and try new things and start new businesses and take risks if you're going to have a future otherwise you do the same thing. if you do the same thing, we know where that ends. >> you also have talked about how it's very important for a city like new york to have a bunch of very rich people so you can tax them. >> sure. >> you're unapologetic about that. >> the fact of the matter is a small percentage of the people pay the taxes. if you don't want tax revenue, you can lose those people but if you want to have ability to go and invest in infrastructure and invest in cultural institutions and have social programs that can really help people who are less fortunate, you have to have the dynamic drive, the people that are creative and the revenue. that comes from people who do well and in our city the po
, and tax it. >> terry lanni, the ceo of mgm/mirage. he says if his company could offer internet gambling, it could instantly double its $8 billion a year revenue. >> if we could add our brand and the credibility of a publicly traded united states gaming company, this could be a vast business. >> but mgm/mirage is shut out because the government says a law banning sports betting over the phone also bans all gambling on the internet. obviously, it hasn't stopped u.s. citizens from doing it, but it has stopped u.s. companies from offering it. >> the vast majority of wagers that are placed on the internet now are done offshore and illegally. and i, for one, think that to enact laws that you can't enforce makes no sense whatsoever. >> lanni and mgm/mirage set up their own offshore gambling website a few years ago, but to stay within the law, they could only accept bets from gamblers outside the u.s. >> we just didn't make any money; that was the problem. >> so you shut it down. >> we did. >> it's all very odd. >> well, no, it is odd. there's no doubt about that. i mean, there's gaming in ever
and says it's worth $40 a share. there's the alibaba ownership. that's after tax affecting it i think. and you get to $40 -- $6 a share for the core business. we shall see. but i will tell you this, alibaba growing as quickly as it is will be fascinating to see when it does come public. that will be a first half ipo. again, the filing still expected in the first quarter. you actually get the offering then, unclear, but let's assume it's the first half of the year. another key that yahoo! shareholders need to be up on, can they figure a tax efficient way for what it doesn't sell, may sell as little as 9% and therefore have a good remainder of alibaba, which is shocking, $190 billion. >> it's killing it. >> killing it. ebidta growing. it puts twitter to shame. >> as for the bernstein call, what if the core value does improve? >> here's the issue for me. wrooef se we've seen these over and over again, internet companies and people go crazy. i don't know what to pay for alibaba. i don't. if it's real, and it sounds real -- >> it's real. this company is generating enormous operating profit
't forget, it's tax deductib deductible. >> i disagree. okay. >> last word. are you disinvesting, mike? >> no, no, i'm always fully invested. i've been riding this. i've been delighted. we've had a very defensive take on the markets. as you know, i've stayed with my health care, my technology. my industrial stocks and my consumer staples. we've been looking like a hero. i hope it continues. but i don't -- i think you're much wiser when prices get this high. p/e multiples expand and profit margins are at all-time highs to hit your singles and doubles. >> buy and hold. that's my mantra. this thing is going to come to an end. they always do. i know that. >> yeah. >> but right now, it isn't the end. i'm with mr. heebner on this one. thank you. we appreciate it very much. >>> now, news, israelis take out a huge shipment of russian missiles in syria. looks like they were being sent to the terrorists at hezbollah. we're going to have the latest on that developing story and more, just ahead. it's a growing trend in business: do more with less with less energy. hp is helping ups do just that. s
. to have to kafr for people on medicaid, they have to raise taxes, raise income tax or cut spending for roads, schools and things like that. there are a lot of people who still need insurance so let's expand it to help people get on. but real costs come with it. it's taxpayers. 26 states signed up for this. federal money is paying for them. you're still paying. >> if you think you're, you're not. you're a federal taxpayers. if they have a swelling of the medicaid rolls and don't pay from the exchanges guess who pays. here's a hint. ready? we have been digging into the rule causing millions of americans to lose health insurance. democratic senator mary landrieu is leading an effort to make sure the president's promise will be kept that people can keep their health care insurance if they like it. wait until we show you what she said about this specific issue just a couple of years ago. plus, he was a successful businessman with hundreds of employees but now not a one. he'll join us live with his warning for working americans in the wake of obama care. >>> breaking details tonight on a
to repair roads but they think it's difficult to push taxes up on the gas price so they're looking at other ways. it's a user pays approach. if they study how many miles you cover by putting a little electronic box in your car maybe they can charge you appropriately for the amount you use the highway. there are privacy groups that say putting this device into cars means someone will be able to spy on you. guys, the nsa is doing it already. don't worry about the black box. >> and of course there was a day when just your taxes would pay for the roads. that's an interesting thought. we'll see you tomorrow. this was a man that once said i have a ba in dope and a ph.d. in soul. one of his classic lines. lou reed. lead singer of the band velvet underground died. the word icon, we throw it around a lot these days but there's little other way to describe lou reed. he influenced musicians from david bowie to talking heads and beyond that. velvet underground was backed and produced by andy warhol with the iconic banana on the cover of the first album. that album was a flop. it only sold 30,000 copies
penalties from a tax refund, but if you aren't owed anything, the irs' options are very limited. why? congress banned the irs from using its usual techniques to force people to pay the penalty when it passed the affordable care act in 2010. >>> we have a chilling story out of colorado. police this morning searching for a predator who snatched a little girl from her bedroom in the middle of the night. authorities say the man pulled her through the unlocked window but the 8-year-old fought back courageously breaking free. her father heard her screams and ran outside to help her. he tells police he saw the suspect speeding away in the alley behind the house. >> we are treating this matter extremely seriously. we think there's a predator out there and he has to be stopped and he has to be caught. >> all the apartments on this block, it had to be somebody they knew, to know which room she was in and all that kind of stuff. >> investigators say they do not believe this family was specifically targeted. they did release a stretch of the suspect and they're treating the case as an attempted
times, regulation light, across-the-board tax cuts, might even give tax credit to middle class families, instead of all this spending, which has done nothing. there is no upturn coming in the first half of next year, trust me. >> this could be a crushing blow to toyota as consumer reports lowers the boom on its most popular model. and ford doesn't fare too well either. jackie deangelis has the latest on that story. and "the kudlow report" is coming right back. but first, we found the tape. here's more obama care comic relief. >> if our web site still isn't loading properly, we're probably just overloaded with traffic, millions of americans are visiting health carcare.gohealt is great news. unfortunately, the site was just designed to handle six people at a time. if you're in a rush consider using our low-res web site with simpler fonts and graphics. my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i
'm assuming, as i pay my taxes, that they're listening to everybody. >> yes, i hope so. and who is that lady that -- >> what they're not doing, i'm assuming, is taking notes. i think where we went wrong with the u.s. administration, joe, they wrote it down that they were listen to go angela merkel. >> that's what happens. who's that lady that tells daniel craig what to do? >> m. >> she knows, right? >> yes. i'm just trying to get this straight. the germans, they're rich. the germany at this point is -- it reminds me of cas casablanca. germany has not earned its spying outrage with all of their arms dealings and all the -- anyway, we get involved in everything over here, ross. >> there was a report yesterday, annette talked about it out of frankfurt. there was one report in the german press that said it may -- because of hangovers from the laws post the war, it may not be illegal for the u.s. to spy on the -- to listen in on the german fwoft. so there is some debate about whether the u.s. has broken any german law whatsoever. >> right. anytime you guys want you to stop funding nato and protec
but they will have some new options for those who want to cover their employment and new tax credit possibilities. for large employers, 96% already cover their employees. the penalty that you're constituents referred to is not a penalty that is imposed in 2014, it is being discussed with businesses about what kind of information is exchanged and it will take place -- >> i thank you. he's going to use the gavel on me if you don't hush. i yield back my time. >> how much time -- the chair would recognize the gentle lady from california, miss eshoo. >> welcome, madam secretary. you're a distinguished woman, you have distinguished yourself and your state, the offices that you've held and now working for the american people and i salute you for it. i want to really congratulate my republican pals for being absolutely 1,000% consistent. you love what's wrong with the web site and you detest what's working in the affordable care act, and i think that that is on full display here. but let's get back to the web site because that's what the hearing is about. it's my understanding that november 31st is the -
. but we need some government policies to let us be more competitive. >> like what? >> we need a new tax system. we have a flawed tax system. individual tax system, corporate tax system. we need real serious health care reform to deal with some of the fiscal problems that are coming down the road. we need -- we need a new immigration system. so that there's a good number of things we need to do. and the only way you get those done is with a compromise. democrats and republicans have to come together and compromise, but the leadership for that always needs to come from the president. because the only way you get big difficult, complex things done is from the executive branch and with congress being willing to compromise. >> was dodd/frank the right legislation? how come only 40% has been implemented? >> well, there's a lot of good with dodd/frank. we got the things we needed out of dodd/frank. why is only 40% been implemented? well, it's a big, complicated bill, but we have too many regulators. we have five -- >> everybody wants to weigh in. >> we have five regulators all fighting with th
their coverage. it's until they start getting the benefits of better coverage and the tax subsidies that come with it, which will make that coverage in many cases cheaper than the ones they currently have, that they won't understand or won't feel good towards obama, let's say. so that's why this whole rollout matters, they need to show the benefits of this in addition to the pain it was causing. >> still ahead the ceo of america's largest private health exchange joins us, how he is offering to bail out the government's troubled website. "morning joe" is back in a moment. ♪ [ male announcer ] you know that family? the one whose eye for design is apparent in every detail. whose refined taste is best characterized by the company they keep. well...say hello to the newest member of the family. the cadillac srx, awarded best interior design of any luxury brand. take advantage of this exceptional offer on the 2013 cadillac srx, with premium care maintenance included. (coffee be♪ng poured into a cup.) save your coffee from the artificial stuff. switch to truvia. great tasting, zero-calorie sweetn
it to humpty-dumpty. more importantly, he says he would now consider supporting a delay of the tax penalties in the law's individual mandate. second, obama care suffered a loss in court today. the d.c. federal peers court struck down the birth control mandate in the law. the case is now expected to go to the supreme court. and this is the number, the number that still resonates across america. tonight six, six only six people successfully enrolled in an obama care health exchange plan on day one of the roll-out. six. let's talk about all this. we welcome for the first time dorian warren, columbia university associate professor and roosevelt institute fellow. robert traynham, former bush/cheney senior adviser and georgetown university assistant dean. and jimmy kemp, president and founder of the jack kemp foundation. welcome, everybody. bob traynham, one of the things that occurs to me today with all that went on, the cancellations and the lack of grandfathering, and it was one drama after another, sebelius gave a terrible performance and so forth, and people realize they're not going to be ab
whether groups are eligible for tax-exempt status or whether the website for his signature health care plan is sufficiently tested. sometimes they involve policy decisions like monitoring the telephone calls of our allies which has been going on shortly after the 9/11 attacks. the white house response to shrug off the question whether the president is out of the loop as more mudslinging from his critics. >> certainly true that you have conflate ad bunch of very disparate issues. >> republican critics are making the case though that the appears to be in the dark about some pretty significant stories that are swirling around this white house. >> well, republican critics say a lot of things, jim. >> reporter: republican national committee has certainly picked up the pattern, releasing a list of things that seemed to catch the president by surprise and calling it, the president, i'm sorry. martha, i've lost the -- martha: but it leads to sort of the next issue here. i'm thinking about even robert gibbs, the former close advisor of the president who has been critical in recent weeks about h
growth and the rest of us who do work have to pay much higher taxes, which we are now. as a consequence, we can't afford the basic things in government that we need, like a decent national defense or expenditures on science and technology. the chinese seem to have a better space program than we do these days. >> you mention defense. we've got a graphic that shows how defense spending as a percentage of the tkpwopd has gone -- as a percent of the g.d.p. has gone down. in 2012 it was 12.3%. fast forward to the 2016 estimate and it looks like just 3.1%. what's the matter with spending less on our national defense, professor? >> let's look at what's happening in the middle east and asia. in the middle east we've abandoned egypt, for example, narrowing our focus. they justify this by saying we're shifting resources to asia. look at what has shifted to asia. not that much. now the japanese, the prime minister is saying that japan has to rearm to protect itself from china because they understand that just as the president abandoned morsi to the mob in the streets, when it really counts on thos
%, that's a 20% increase out of the box. secondly, there's anywhere from 4% to 5% in taxes and fees associated with the new affordable care act. and then there are changes -- the third thing, there are changes in rating. there are more benefits required. there are changes in, you know, preexisting conditions. all those add up to an average increase we've seen across the united states, depending on the market, of anywhere from 30% to 40%, ranging anywhere from low single digits all the way over 100% increases. >> the point is, the more people who opt in, the less the premium has to go up. more people opting in, that's more premiums coming in so the levels of the premium don't have to go up so much. but that's a big if. let's talk about the impact on your bottom line for next year. in your conference call today, you said, it's unclear what your growth is going to be next year, in part, because of the dust failing to settle on obama care right now, right? >> well, i think there are a lot of factors. first, the economy and whether or not there's going to be a change in utilization, so i
earnings in the extended hours tonight. the third quarter of 2013 after tax operating income attributable to aig of 1.4 billion after tax operating income per share, 96 cents a share. stock down. ceo bob ben mosche will be with me. what does dan niles know about facebook the rest of wall street doesn't? >>> plus, haunted towns? big winner of our day, long quest to find the best home in the spookiest town. queen of real estate will be with me. you're watching the "closing bell," on cnbc, first in business worldwide. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade-proud to be ranked "best overall client experience." >>> welcome back. a month for stocks. the dow and s&p 500 both hitting all time highs in the month of october. nasdaq pushing
, depreciating rupee and rise in inflation. add to that a high import tax on gold makes it even more expensive for indians to buy gold in rupee terms. traders say that's concerning given that india is the biggest buyer of gold, making up 20% of world's consumption. typically gold shares rise 2% around the volley. but this year we aren't seeing that big move in gold. according to the local merchants i spoke to in new delhi and mumbai, they're considering alternatives like silver. silver won't be able to fully replace gold's important role in weddings, religious events and festivals. experpts say regardless of the current state of the economy india will always have an insatiable appetite for the shiny yellow metal. demand just might be lackluster this holiday season, maria. >> thank you so much, seema. stay right there. we want to bring in a pair of gold experts for their take. >> dennis gartman. he's been long gold. paul sachs has been bearish. dennis, you'r long call on gold is that based on supply/demand. outlook on inflation? all of the above? what makes you like gold at these levels? >> fir
never gets punched, but everyone else does. >> the government has a printing press that can extract tax dollars. >> but the government pushed the atmosphere that triggered this. >> absolutely. fannie mae and freddie mac said seles whatever we do have and we don't care what the bundled in her or good or bad. neil: so it's like at birth rate. >> absolutely. it's like acquiring countrywide and nurse turns. it can seek reimbursement from insurance corporation for some of the fine was paid into the treasury. >> that's the thing they're trying trying to iron out. any of these punishments that are a result of the property that you have talked about. deflate the government is saying that we still think that that should be on your back. >> for the lawyers of chase, as you and i are doing the show, we are arguing with the government's lawyers try to suggest here is how a judge and jury would rule. the government's lawyers are saying, are you kidding, a jury would give us 10 times this amount. it doesn't mean that they will have the moniker of a dozen heart is working words of the greatest knowled
position a criminal investigation by the fbi about what is an an tax on an attack on country, which falls in pervue of intelligence agencies and military would be reason to block effort understand better what transpired. lou: it makes no sense. >> we should be ale coconduct a criminal investigation, representatives of people to find out what happened, whether a consulate was burned to ground, ambassador killed and cia driven out, that is serious business, they do not have to have an open hearing, they can do a closed-door hearing to get at the issues with the witnesses that i want to call. and certainly, the government should not be attempting to control those witnesses, and still protect the criminal justice system. by the way, lou, that criminal justice -- investigation on criminal justice side got off on the wrong foot, the next day, we may not have been able to get troops in that night, we could have got troops in the next day, we should have secured consulate, put our flag back up and brought the fbi in to begin an immediate investigation, and stay with security forces as long as ne
the case like the grimes campaign did, a state that takes in more federal money than it pays back in taxes damaged kentuckyians. statewide you can run that way. but these house districts it's hard to sell that story. >> david ignatius people talk about the republican party. there's so many different republican parties. i talk about, you got the governors. and the success of the governors that they've had. then you got basically the senate wing of the republican party and then the house wing of the republican party. and what works for one definitely doesn't work for the other and certainly what works for some house members actually undermines presidential candidates who have any, any dream of being able to compete with hillary clinton. >> we'll see if the chris christie wing of the party, the party that will talk about how to govern and make a big state like new jersey work if that gets traction. one of the things i've been following the last few weeks is the backlash in some hard line republican house tea party districts against those tea party hard liners. for example, justin amosh from m
are -- >> you want them better or -- >> no. it's expensive. >>> we're going to talk about the sugary drink tax debate. also, in sports news, the boston red sox, can win the world series tonight at fenway if the cardinals win. game seven, that's going to be in boston. >> if they win in boston, it will be the first time since woodrow wilson. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. >>> after singapore airline stops service between singapore and new york, which airline will have the longest flight with no stops? qantas airways with 8600 mile flight between sydney and dallas. >>> time now for the executive edge. this is our daily segment focused on giving business leaders a leg up. almost every major insurance has a review of the new apple ipad air today. and re
, the republican position, this no revenues thing, even if it's revenues to stop massive tax abuse, massive tax evasion, that kind of position in the end that leads us to cutting food stamps. today it starts. big cuts for the poorest people in the country, day after halloween. you are getting millions of people cut today on their ability to eat and feed their kids. why? because they are standing up in congress, still. don't make the banks pay taxes. don't make google and amazon and apple pay taxes. let them keep their money. >> i understand. let's talk -- let's talk about the big issue. >> it's collapsing. >> let's talk about the big issue and i think we agree on this. by the way, i agree, we shouldn't slash and burn the 12, 13, 14% and leave the big entitlement systems out of touch. you have harry reid asked in an interview about medicare and social security. he said why do you keep bringing it up? you are obsessed with it. we are not going to do anything on those. we are not going to touch those. that's where the long term -- if we want to save america from debt, that's the long term fix. >>
their support. their tax exempt status including the big hospital up in boston that's where, what is it, the patriots, new england patriots get their rehab done. >> that's right. it may lose its tax exempt status. sort of under the microscope under obama care. >> unbefore the boston -- in fact, the last boston marathon victim who had to have a leg amputateds a result of the boston bombing, there he is sadly, it's called the spalding rehabilitation hospital. it's run by a 501 c 3, non-private hospital. under obama care, one of the sicious obama care would provide charity to people coming in off the streets that don't have healthcare coverage. now that law because of obama care scrutinized where they are having to roll back the charitable contributions they give to the community in the case of folks that come in off the street that don't have health insurance. >> former president jimmy carter whose name has become synonymous with oppressing attacked obama care yesterday saying this doesn't work very well. when jimmy carter calls you ineffect actual that's 6 people signing up because the w
wiener wants you to pay almost a quarter more for a soda, a new tax on every can or bottle of soft drink sold in san francisco. >>> and protestors plan to rally against another one proposal. this time, the supervisor want san francisco parks to close between midnight and 5:00 a.m. that's your news. we got your traffic and weather for tuesday coming right up. >>> good morning. we have a couple of problemming on 680. these accidents have now cleared. unfortunately bust remain including southbound 680 by crow canyon and stacked into danville and continuing further south, your ride slows. a multicar crash is now out of lane in andrade road. the bay bridge toll plaza backed to the maze, 20 minutes to get you onto the bridge. that's traffic. >>> a lot of cloud will start to break up throughout the day. temperatures are going to stay on the cool side. mostly cloudy skies. as we look towards the mountains, pleasant with 40s and 50s. by the afternoon, clouds will begin to break up a little bit but temperatures will be cool, 50 coast side, 60s elsewhere
in a position to raise taxes. he told you what he's going to do. he's going to take taxes up. if he wins, does that put a crimp in anything? do rates go higher? >> in terms of the mayor's race we'll see in the next couple of weeks. whoever it is, will try to continue the positive job growth, the diversification of our economy, technology -- focused on technology. a lot of the companies moving downtown, midtown south are getting priced out. i think whoever that mayor is, whether it's lodo or de blasio, he'll continue to make jobs, continuous to be the capital of the world in terms of trying to attract and retain the best and brightest and continue to drive crime down and public safety and a liveable city. go to brooklyn. you see the tremendous amount of people living and working in brooklyn today, queens, all over the city great growth. >> brooklyn is hot. what industries are spending the most money in terms of real estate right now? you said technology. >> definitely technology. but it's also -- there's a company called we work. it's just taken over 200,000 feet downtown. it's a shared work en
but are they right? >> we'll get back to much more on the shooting at l.a.x. and how we can prevent more tax like this from happen. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. maestro of proj
-- your reasoning is speculative. there are tax subsidies for a lot of the people whose prices may initially come out high. their tax subsidies available. let me play for you what jay carney said this morning to your point about young people and whether they'll sign up. >> there's a silver lining here when it comes to young people an young people are important to this working. it was always the case, no matter how good the website was going to be, that young americans were going to be the last group to sign up. i don't know about you in college or everything i did when i was young as last minute. >> well, i'm with jay carney on that one to the extent that i was a procrastinator and never wrote my paper until the last paper. does he have a point, though, we don't know right now that the accusations you're making are speculative? >> here's what we know, chris. and i think we can find common ground here. we know that we were promised that this website would be working great and it's not and it is a total mess. >> and the white house would concede that. >> we know that the president pr
is trying to solve its obesity problem by applying an 8% tax on high-calorie food. mexican legislators have given the go-ahead to the tax measure, and it now awaits the president's signature. the country is currently ranked number one in a global ranking of obese population. >>> and speaking of obesity, and maybe having a little too much mac and cheese can get you there. guess what? kraft's mac and cheese will actually be getting healthier. the company is making it more nutritious by adding more whole grains to the macaroni. and removing the saturated fats from sodium and artificial food dyes. the revamped recipe will hit store shelves next year. >>> all right. the makers of a popular hot sauce are in hot water with their neighbors. residents say fumes from the chile sauce are making their throats burn and their eyes water, and they want it stopped. straight ahead, our legal guys will weigh in on the spicy legal battle. >>> and in this week's "parts unknown," anthony bourdain travels to tokyo. he says visiting the city changes the way you see in the world, and after dark, it gets a little w
, nuance, in facts, you know, war taxes, health care, these are complex policies. they can't be boiled down to a slick slogan. nuance is necessary. now there's a bumper sticker i can get behind. that's it for "your money." we're here every saturday. have a great weekend, everybody. >>> hello, everyone, i'm fredericka whitfield. here are the top stories we're following in the "cnn newsroom." one tsa agent dead, two others hurt in a shooting at l.a.x. now new information about the suspected gunman and a potential motive for the rampage. >>> a controversial nypd program remains in place. officers can stop and frisk anyone they think looks suspicious. but does the program unfairly target african-americans? >>> and chris brown is in rehab, but not for drugs or alcohol. the singer is getting treatment for anger issues. are celebs using rehab to avoid bigger legal problems? all that coming up. >>> a major investigation is under way at the los angeles international airport. a day after a gunman burst in and killed a tsa officer. here's what we know today. tsa administrator john pistole is on his wa
's going to be able to get an i.d. that costs $22, by the way, otherwise known as a poll tax. how many 90-year-olds are going to have an assistant to be able to do that? by the way, we've also seen, a judge had to sign an affidavit to be able to vote. wendy davis, candidate for governor, had to sign an affidavit to be able to vote. greg abbott, the republican candidate for governor, had to sign an affidavit to vote, because his name on his i.d. is not the same as his name in the poll book. so we're seeing at the very least a lot of people get inconvenienced by this law. we know 600,000 to 800,000 registered voters don't have the i.d. there. can you imagine what it's going to be like in texas when wendy davis and greg abbott are running against each other for governor? >> and the greg abbott piece has the sense of poetic justice, like at least he's getting caught up in his own thing. but he has resources available to him that others don't. when you talk about abbott in texas, it's also a reminder that in virginia, the other seat that is open here, where there's a big fight. in fact, maybe
, get that corporate tax rate down. >>> what's coming up on "mad" tonight? >> one of the greatest executives you never hear talked about is deb kafaro, she runs a fantastic real estate invest trust, phenomenal performance. the stock is down. the rates have not done well this year because of the spike up in interest rates. they are not that expensive anymore. this has been historically, one of the top three or four in the group. >> we are going to see you in a few minutes. get a cup of coffee and come back. >> i will, thank you >>> in addition to jim cramer's interview with consul energy, we are going to look at how apple is positioned for the results tonight. is facebook at the nasdaq or twitter when it launches? which of those two is the better investment for you? also ahead, we have pending home sales, how strong is housing now and is the fed the real wild card for these markets? hour two of "squawk on the street" monday morning. ♪ nice car. sure is. make a deal with me, kid, and you can have the car and everything that goes along with it. ♪ ♪ so, what do you say? thanks..
the year 2025. >> congress votes to raise the hotel tax on wi-fi to $40 per night. >> blackberry discontinues keyboard phone models while touch screen phones have switched to complex 3d imagery technology leaving me no way to communicate with anybody. >> nbc's "today" show again wins the morning's rating award carried by charismatic new cohost steve liesman. >> this has been "squawk horror stories" from the year 2025. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> some of the country's top cfos have weighed in on health care costs, and we have the exclusive results from our cnbc global cfo council survey. 55% said that more than 10% of their expected health care cost incre
quarter profit did total 8%, still total -- visa will be in red, the company sets aside money for taxes, they see activity slowing in october. others pointing out they've got regulatory pressure, they have square on their tail. what do you have make of visa? >> i know this is going to sound like a broken record. another company you want to buy on what i felt was somewhat targeted weakness. they had been giving you insight that things won't be that strong. why would i think to buy it? the buyback is for real. the company is a juggernaut, it's incredibly well run. you're getting it at a discount. so many companies ran into the quarter expecting things were going to be so much better than expected. you can't maintain what the analysts want. >> can you say that for the overall market then? >> yes. >> it seems to be a story that is shared. >> yes, can you say that for the overall market. >> 5% plus for october. visa is up 6, 7 in october al e alone. >> they didn't come up with a new thing for hep-c. >> they didn't do chicken wings. >> the stories that are doing well are stories where gross
out. >> it is. >> but it was $3.30. this is a tax cut for everyone, but it's not good for exxon, as we saw yesterday. >> do you think it's coming back, or no? >> oil? i hope not. >> even walmart said it's a tailwind, but offsed by the headwinds of higher -- >> i'm still forecasting $20 a barrel. i'm hoping for that for our friends in the midwest. let's look at the ten-year note. friends. saudi arabia doesn't even like us any more. 2.56% now on the ten- year. >> you can do it for your friends on the l.i.e. if we get down to 20, we'll -- >> that the. which is you when you rent a car to go out and get a pumpkin. >> this is getting better because germany is messing up with their export driven economy and there's no inflation. in fact, they're going to have to try and engender some inflation. one of the lead stories today is how low inflation in thor row zone is right now, which is, you know, raising the specter of -- and fear of deflation, which isn't good for anybody. i guess we'll go to europe first before we talk about all this other interesting stuff here. >> we have to talk about your
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